Santa Ana, CA (PRWEB) January 21, 2005
Substantial numbers of commercial real estate businesses would like to have seamless real estate transactions, but donÂt have the technology required to manage and accelerate the transaction process. Recognizing this marketÂs need for an end-to-end, easy-to-use solution, RE3W (http://www.RE3W.com), an internet service vendor since 2000 has developed S3 Technology, a new and powerful tool integrated into its RE3W application.
ÂRE3W has spent thousands of hours, and millions of dollars in research and development for RE3WÂs proprietary S3 Technology. This intuitive application allows all participants to a commercial real estate transaction the ability to search, store, and share pertinent documentation in a secure digital repository, or REFile,Â said RE3W Founder Richard Frost. ÂWith built-in S3 Technology, you can selectively share REFile digital files which can dramatically accelerate the origination process.Â
RE3W is an Internet-based, commercial real estate application that incorporates proprietary search and mapping technology to seamlessly integrate with universal MicrosoftÂ® business applications. The RE3W application under developed will accelerate a transaction process from origination, to negotiation to close, allowing subscribers to monitor deal flow while communicating and sharing selected data with clients, staff, service providers and investors.
ÂMost principles involved in a real estate transaction have to deal with heavy, bulky files which can get lost or misplaced. They have to either courier or fax critical documents to those involved in the transaction. But with RE3W, members can allow participants access to specific portions of an REFile online,Â according to Leslie Boggs, Director of Marketing for RE3W. ÂThe beauty of RE3W is in its S3 Technology, its simplicity, and its integration. All any member needs is an internet connection and they can conduct business anywhere in the world.Â
The announcement of RE3WÂs S3 Technology follows the recent news of securing additional funding from The First American Corporation (NYSE: FAF).
Founded in 2000, RE3W has recently launched its charter portion of RE3WÂs application focusing on deal origination using proprietary search techniques, data storage and file sharing. The First American Corporation (NYSE: FAF), a Fortune 500 company and the nationÂs largest data provider, is a principal investor in RE3W. Further information can be found on their website: http://www.RE3W.com, or by contacting them directly at: 714-565-7359.
About First American
The First American Corporation (NYSE: FAF), is a Fortune 500 company that traces its history to 1889. As the nationÂs largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of peopleÂs lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information. With revenues of $6.21 billion in 2003, First American has 30,000 employees in approximately 1,800 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com.
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